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© 2023 Invest-Time. By Afrik-Shine Medias Group. All rights reserved.
Finance

Cameroon: 2025-2027 action plan of the Islamic Development Bank (IDB)

A mission from the bank, which will be in Cameroon until July 13th, is currently presenting the guidelines to the cameroonian authorities.

By
Aissatou Amirah
Published: 11 July 2024
Last updated: 11 July 2024
3 Min Read
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Cameroon: 2025-2027 action plan of the Islamic Development Bank (IDB)

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Mbianyor Bakia, senior environmental and social safeguards specialist; Ousmane Diaby, senior youth empowerment specialist; Etienne Bomba Agbor, operations team leader; Ibrahim Sirajo, procurement manager; Bello Aboudou, field disbursement manager; Djibril Dit Maba Kouma, project financial management specialist; Ahsanul Kibria and Mohamadou Awal, IDB representative in Cameroon. This is the large delegation led by Alagi Basiru Gaye, IDB head of mission in Cameroon.

This mission is not only a  stage in the Ngatt-Febadi-Likok road construction project, but also crucial to the development of the action plan for 2025-2027. In fact, this mission is expected to focus on the identification of new projects to be financed for the 2025-2027 period. The reconstruction of the Douala-Bafoussam and Douala-Yaounde roads, and the construction of the Bafang-Nkondjock road, are all in the running for this new program.

It will also focus on finalizing the financing package for the construction of the 145 km Ngatt-Febadi-Likok road, for presentation to the Board of Directors of the Islamic Development Bank (IDB) in September. To link the Centre and Adamaoua regions and thus achieve the objectives sought by the construction of National Highway 15, the IDB has affirmed its commitment to supporting Cameroon in this important project.

According to the retro schedule drawn up by the teams, the project is due to be presented to the IDB Board of Directors in September. The IDB will be extending its support to the government, after having co-financed the Lena-Sengbe-Tibati section, where savings made it possible to extend the asphalt road as far as Ngatt, by almost 40 km.

The construction of the Ngatt-Febadi-Likok section is therefore a continuation of the Transport Sector Support Program I, which includes the upgrading of the Batchenga-Ntui-Yoko-Léna-Tibati road. The planned structure provides for the road to be built to be subdivided into two lots, Ngatt-Febadi/Mambal-Tekel (68.4km) and Tekel-Lewa-Louga-Likok (76.2km). For this project, the IDB is the majority financier, with an estimated contribution of 80.90%, or around 178.8 million US dollars (108.314 billion FCFA), while Cameroon will contribute around 19 million US dollars (12.171 billion FCFA), or 10.10%. During the IDB experts’ stay, which will last until July 13, 2024, meetings with officials are planned, as well as field trips.


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